EverQuote (NASDAQ:EVER) Given New $28.00 Price Target at JPMorgan Chase & Co.

EverQuote (NASDAQ:EVER) had its price target decreased by investment analysts at JPMorgan Chase & Co. from $34.00 to $28.00 in a report issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 53.68% from the stock’s previous close.

EVER has been the subject of a number of other reports. Craig Hallum raised their target price on EverQuote from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, August 6th. Needham & Company LLC boosted their target price on shares of EverQuote from $30.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, August 6th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, EverQuote currently has an average rating of “Buy” and an average price target of $28.50.

EverQuote Stock Performance

Shares of NASDAQ EVER traded up $0.91 during mid-day trading on Tuesday, reaching $18.22. The company had a trading volume of 557,616 shares, compared to its average volume of 463,923. The stock has a fifty day moving average of $20.66 and a two-hundred day moving average of $21.80. EverQuote has a 12-month low of $7.11 and a 12-month high of $28.09. The company has a market capitalization of $639.16 million, a price-to-earnings ratio of -21.69 and a beta of 1.06.

EverQuote (NASDAQ:EVER) last posted its quarterly earnings results on Monday, November 4th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.09. The company had revenue of $144.53 million for the quarter, compared to analyst estimates of $140.30 million. EverQuote had a negative net margin of 8.55% and a negative return on equity of 13.24%. The business’s quarterly revenue was up 162.7% on a year-over-year basis. During the same period last year, the business posted ($0.40) EPS. Sell-side analysts forecast that EverQuote will post 0.57 earnings per share for the current fiscal year.

Insider Activity

In related news, CFO Joseph Sanborn sold 4,800 shares of the business’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $21.54, for a total transaction of $103,392.00. Following the transaction, the chief financial officer now directly owns 207,691 shares in the company, valued at approximately $4,473,664.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other EverQuote news, CFO Joseph Sanborn sold 4,800 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $21.54, for a total transaction of $103,392.00. Following the completion of the sale, the chief financial officer now owns 207,691 shares of the company’s stock, valued at $4,473,664.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO David Brainard sold 3,164 shares of EverQuote stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $22.02, for a total transaction of $69,671.28. Following the completion of the transaction, the chief technology officer now directly owns 160,986 shares in the company, valued at $3,544,911.72. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 20,270 shares of company stock valued at $431,011. 29.79% of the stock is owned by insiders.

Hedge Funds Weigh In On EverQuote

A number of institutional investors and hedge funds have recently modified their holdings of the business. Driehaus Capital Management LLC increased its stake in shares of EverQuote by 9.1% in the 2nd quarter. Driehaus Capital Management LLC now owns 2,036,361 shares of the company’s stock valued at $42,478,000 after acquiring an additional 169,333 shares in the last quarter. Vanguard Group Inc. grew its holdings in EverQuote by 2.7% during the first quarter. Vanguard Group Inc. now owns 1,157,714 shares of the company’s stock worth $21,487,000 after buying an additional 30,577 shares in the last quarter. Emerald Advisers LLC lifted its stake in EverQuote by 165.8% during the 3rd quarter. Emerald Advisers LLC now owns 640,032 shares of the company’s stock valued at $13,498,000 after acquiring an additional 399,257 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in EverQuote by 3.6% during the 1st quarter. First Eagle Investment Management LLC now owns 532,138 shares of the company’s stock worth $9,876,000 after acquiring an additional 18,523 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of EverQuote by 62.6% in the 2nd quarter. Acadian Asset Management LLC now owns 517,331 shares of the company’s stock worth $10,786,000 after acquiring an additional 199,187 shares in the last quarter. 91.54% of the stock is currently owned by institutional investors.

About EverQuote

EverQuote, Inc operates an online marketplace for insurance shopping in the United States. The company offers auto, home and renters, and life insurance. The company serves carriers and agents, as well as indirect distributors. The company was formerly known as AdHarmonics, Inc, and changed its name to EverQuote, Inc in November 2014.